LCPE.L vs. IEFS.L
LCPE.L (Ossiam Shiller Barclays Cape Europe Sector Value TR UCITS) and IEFS.L (iShares Edge MSCI Europe Size Factor UCITS ETF) are both Europe Equities funds - LCPE.L tracks the MSCI Europe NR EUR while IEFS.L tracks the MSCI Europe SMID NR EUR. Both are passively managed. Over the past 10 years, LCPE.L returned 10.12%/yr vs 8.37%/yr for IEFS.L. At a 0.39 correlation, their price movements are largely independent. LCPE.L charges 0.65%/yr vs 0.25%/yr for IEFS.L.
Performance
LCPE.L vs. IEFS.L - Performance Comparison
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Returns By Period
In the year-to-date period, LCPE.L achieves a 13.75% return, which is significantly higher than IEFS.L's 5.78% return. Over the past 10 years, LCPE.L has outperformed IEFS.L with an annualized return of 10.12%, while IEFS.L has yielded a comparatively lower 8.37% annualized return.
LCPE.L
- 1D
- -0.59%
- 1M
- 2.51%
- YTD
- 13.75%
- 6M
- 14.34%
- 1Y
- 28.26%
- 3Y*
- 12.14%
- 5Y*
- 9.55%
- 10Y*
- 10.12%
IEFS.L
- 1D
- -0.28%
- 1M
- 1.57%
- YTD
- 5.78%
- 6M
- 8.60%
- 1Y
- 16.22%
- 3Y*
- 12.43%
- 5Y*
- 5.82%
- 10Y*
- 8.37%
LCPE.L vs. IEFS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LCPE.L Ossiam Shiller Barclays Cape Europe Sector Value TR UCITS | 13.75% | 18.88% | -2.83% | 10.70% | 0.29% | 16.28% | 8.38% | 12.94% | -2.26% | 9.54% |
IEFS.L iShares Edge MSCI Europe Size Factor UCITS ETF | 5.78% | 24.40% | 0.75% | 11.87% | -13.35% | 12.21% | 7.23% | 20.36% | -12.26% | 18.08% |
Correlation
The correlation between LCPE.L and IEFS.L is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Feb 17, 2015 | 0.39 |
Over the past year, LCPE.L and IEFS.L have become more correlated (0.69) than their long-term average of 0.39, meaning their price movements have been converging.
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Return for Risk
LCPE.L vs. IEFS.L — Risk / Return Rank
LCPE.L
IEFS.L
LCPE.L vs. IEFS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ossiam Shiller Barclays Cape Europe Sector Value TR UCITS (LCPE.L) and iShares Edge MSCI Europe Size Factor UCITS ETF (IEFS.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| LCPE.L | IEFS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.11 | ||
| Sortino ratioReturn per unit of downside risk | +1.62 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.26 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 4.23 | 1.63 | +2.60 |
| Martin ratioReturn relative to average drawdown | 14.02 | 5.83 | +8.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LCPE.L | IEFS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.49 | 1.38 | +1.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.03 | 0.39 | +0.64 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.19 | 0.54 | +0.65 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.98 | 0.52 | +0.46 |
Drawdowns
LCPE.L vs. IEFS.L - Drawdown Comparison
The maximum LCPE.L drawdown since its inception was -27.05%, smaller than the maximum IEFS.L drawdown of -31.02%. Use the drawdown chart below to compare losses from any high point for LCPE.L and IEFS.L.
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Drawdown Indicators
| LCPE.L | IEFS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.05% | -31.02% | +3.97% |
Max Drawdown (1Y)Largest decline over 1 year | -6.66% | -9.91% | +3.25% |
Max Drawdown (3Y)Largest decline over 3 years | -12.39% | -11.84% | -0.55% |
Max Drawdown (5Y)Largest decline over 5 years | -12.39% | -26.40% | +14.01% |
Max Drawdown (10Y)Largest decline over 10 years | -27.05% | -31.02% | +3.97% |
Current DrawdownCurrent decline from peak | -3.09% | -2.40% | -0.69% |
Average DrawdownAverage peak-to-trough decline | -3.52% | -5.84% | +2.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 2.78% | -0.77% |
Volatility
LCPE.L vs. IEFS.L - Volatility Comparison
Ossiam Shiller Barclays Cape Europe Sector Value TR UCITS (LCPE.L) and iShares Edge MSCI Europe Size Factor UCITS ETF (IEFS.L) have volatilities of 3.81% and 3.78%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LCPE.L | IEFS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.81% | 3.78% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 8.50% | 9.75% | -1.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.31% | 11.72% | -0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.75% | 14.99% | +2.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.61% | 15.59% | +5.02% |
LCPE.L vs. IEFS.L - Expense Ratio Comparison
LCPE.L has a 0.65% expense ratio, which is higher than IEFS.L's 0.25% expense ratio.
Dividends
LCPE.L vs. IEFS.L - Dividend Comparison
Neither LCPE.L nor IEFS.L has paid dividends to shareholders.
Frequently Asked Questions
LCPE.L and IEFS.L have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IEFS.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IEFS.L is cheaper with a 0.25% expense ratio, compared with 0.65% for LCPE.L.
LCPE.L tracks MSCI Europe NR EUR, while IEFS.L tracks MSCI Europe SMID NR EUR. They also come from different issuers: Natixis and iShares. Their fees differ too: 0.65% for LCPE.L and 0.25% for IEFS.L.
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